System and Method for Constraining Depletion Amount in a Defined Time Frame

1. A method for constraining a consumer's ability to take delivery of a price protected commodity, comprising: presenting to a consumer a price protection contract for the purchase of a commodity, wherein the price protection contract specifies a locale and at least one lock price, quantity or delivery time frame such that commodity may be purchased at the lock price at one of a plurality of locations within the locale; setting up an account associated with the price protection contract for the consumer at a price protection system accessible by the consumer over a network via one or more computing devices; associating a virtual reserve of the price protected commodity with the account; and specifying a time frame during which all or a predetermined portion of the virtual reserve is to be depleted, wherein the time frame comprises a plurality of time segments and each of the plurality of time segments is associated with a predefined quantity of the virtual reserve of the price protected commodity that is to be depleted correspondingly.

2. The method of claim 1 , further comprising, prior to setting up the account for the consumer, allowing the consumer to select one or more depletion constraints.

3. The method of claim 2 , further comprising determining a price of a retail commodity price protection product based at least in part on the consumer's selection of the one or more depletion constraints.

4. The method of claim 2 , further comprising associating at least one incentive to the one or more depletion constraints.

5. The method of claim 2 , wherein at least one of the one or more depletion constraints affects allocation of risk between a provider of the price protection system and the consumer.

6. The method of claim 1 , further comprising charging the consumer at a retail price for any amount depleted over a predefined quantity of the virtual reserve of the price protected commodity during one of the plurality of time segments.

7. The method of claim 1 , wherein the predetermined portion is determined based on volume, weight, mass, quantity, amount, time, currency, locale or a combination thereof.

8. The method of claim 1 , wherein the price protected commodity is motor fuel.

9. A system for constraining a consumer's ability to take delivery of a price protected commodity, comprising: a processor and a computer memory storing instructions executable by the processor to: present to a consumer a price protection contract for the purchase of a commodity, wherein the price protection contract specifies a locale and at least one lock price, quantity or delivery time frame such that the commodity may be purchased at the lock price at one of a plurality of locations within the locale; set up an account associated with the price protection contract for the consumer at the system which is accessible by the consumer over a network; associate a virtual reserve of the price protected commodity with the account; and specify a time frame during which all or a predetermined portion of the virtual reserve is to be depleted, wherein the time frame comprises a plurality of time segments and each of the plurality of time segments is associated with a predefined quantity of the virtual reserve of the price protected commodity that is to be depleted correspondingly.

10. The system of claim 9 , wherein the instructions are further executable by the processor to, prior to setting up the account for the consumer, present a plurality of depletion constraints to the consumer and allow the consumer to select one or more depletion constraints from the plurality of depletion constraints.

11. The system of claim 10 , wherein the instructions are further executable by the processor to determine a price of a retail commodity price protection product based at least in part on the consumer's selection of the one or more depletion constraints.

12. The system of claim 10 , wherein the instructions are further executable by the processor to associate at least one incentive with the one or more depletion constraints.

13. The system of claim 9 , wherein the predetermined portion is determined based on volume, weight, mass, quantity, amount, time, currency, locale or a combination thereof.

14. The system of claim 9 , wherein the price protected commodity is motor fuel.

15. A method for constraining a consumer's ability to take delivery of a price protected commodity within a locale, comprising: determining a plurality of depletion constraints based on volume, weight, mass, quantity, amount, time, currency, locale or a combination thereof; presenting a plurality of retail commodity price protection products to the consumer at a price protection system accessible by the consumer over a network via one or more computing devices, wherein each of the plurality of retail commodity price protection products is associated with at least one of the plurality of depletion constraints such that if the retail price of the commodity goes above the lock price in the locale, the consumer may purchase the commodity at the lock price at one of a plurality of locations within the locale; specifying a time frame during which a predefined portion of a virtual reserve of the price protected commodity is to be depleted in accordance with the at least one of the plurality of depletion constraints; and charging the consumer at a retail price for any amount depleted during the time frame over the predefined portion of the virtual reserve of the price protected commodity.

16. The method of claim 15 , wherein the price protected commodity is motor fuel.